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Breaking out lower

  • The Dollar remains heavy, EURUSD is still short of yesterday's high post CPI print that was at 1.0368, will be initial resistance
  • AUDUSD is breaking out higher, highest since the 10th June, next upside target will be seen at 0.7141 76.4% retracement of the Jun 3 - Jul 14 downleg
  • Early focus during the European Govie open, was on the Swissy, and although EURCHF has been defended at 0.9700, USDCHF trades at lowest level since the 14th April.
  • Support below are seen at 0.9324 and 0.9287.

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